MIRA INFORM REPORT

Report No. :	510676
Report Date :	21.05.2018

IDENTIFICATION DETAILS

Name :	ELLIOT SCIENTIFIC LIMITED
Registered Office :	3 Allied Business Centre, Coldharbour Lane, Harpenden, Al5 4ut
Country :	United Kingdom
Financials (as on) :	31.01.2018
Date of Incorporation :	16.01.1990
Com. Reg. No.:	02460146
Legal Form :	Private limited with Share Capital
Line of Business :	· Other professional, scientific and technical activities n.e.c. · Agents in industrial equipment.
No. of Employees :	9 [2018]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	Slow but Correct
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

UNITED KINGDOM - ECONOMIC OVERVIEW

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining; the UK has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling home prices, high consumer debt, and the global economic slowdown compounded the UK’s economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets. Facing burgeoning public deficits and debt levels, in 2010 the then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company name and address

Company Name: ELLIOT SCIENTIFIC LIMITED

Company No: 02460146

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: 3 ALLIED BUSINESS CENTRECOLDHARBOUR LANEHARPENDENAL5 4UT

Company Name

ELLIOT SCIENTIFIC LIMITED

Company Number

02460146

Company Summary

Registered Address 3 ALLIED BUSINESS CENTRE
COLDHARBOUR LANE
HARPENDEN
AL5 4UT

Trading Address 3 Allied Business Centre
Coldharbour Lane
Harpenden
Hertfordshire
AL5 4UT

Website Address http://www.elliotscientific.com

Telephone Number 01582766300

Fax Number

TPS No

FPS Yes

Incorporation Date 16/01/1990

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 14/04/2018

Currency GBP

Share Capital £100

SIC07 74909

Charity Number -

SIC07 Description OTHER PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES N.E.C.

Principal Activity Agents in industrial equipment.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company ELLIOT SCIENTIFIC LIMITED

Accountant -

Mortgages 2

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/01/2018 - - £1,015,721 9

31/01/2017 - - £999,430 9

31/01/2016 - - £1,066,637 10

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Back to Top

Show More

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	1	Total Person's With Significant Control	1

Current Directors

Title	Mrs	Function	Director
Name	Sheila Elliot	Nationality	British
Date of Birth	07/1950	Present Appointments	4
Latest Address	3 Allied Business Centre, Coldharbour Lane, Harpenden, Hertfordshire	Appointment Date	16/01/1992
Post Code	AL5 4UT
Title	Mr	Function	Director
Name	Michael Scott Elliot	Nationality	British
Date of Birth	02/1951	Present Appointments	2
Latest Address	3 Allied Business Centre, Coldharbour Lane, Harpenden, Hertfordshire	Appointment Date	16/01/1992
Post Code	AL5 4UT

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Sheila Elliot	Nationality	British
Date of Birth	07/1950	Present Appointments	4
Latest Address	3 Allied Business Centre, Coldharbour Lane, Harpenden, Hertfordshire	Appointment Date	16/01/1992
Post Code	AL5 4UT

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR MICHAEL SCOTT ELLIOT	GBP	51	ORDINARY	1	51
MRS SHEILA ELLIOT	GBP	49	ORDINARY	1	49
1

Financials

Profit & Loss

	Date Of Accounts	31/01/18	(%)	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£7,128	-27%	£9,761	-39.5%	£16,127	-18.9%	£19,892	29.1%	£15,410
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/01/18	(%)	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14
	Tangible Assets	£134,447	-4.6%	£140,884	-5.3%	£148,692	-8.1%	£161,801	-7.5%	£174,943
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£134,447	-4.6%	£140,884	-5.3%	£148,692	-8.1%	£161,801	-7.5%	£174,943
	Stock	£278,512	-2.3%	£285,132	0.6%	£283,504	-1.3%	£287,160	5.1%	£273,248
	Trade Debtors	£238,271	-29.1%	£336,205	-21.6%	£428,867	-39.3%	£706,906	37.7%	£513,432
	Cash	£611,848	26.7%	£482,721	-14.7%	£565,892	125.1%	£251,425	-45.8%	£463,611
	Other Debtors	0	-100%	£80,470	15.5%	£69,691	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,128,631	-4.7%	£1,184,528	-12.1%	£1,347,954	8.2%	£1,245,491	-0.4%	£1,250,291
	Trade Creditors	£247,357	2.5%	£241,333	2.6%	£235,168	-45.2%	£429,420	2.3%	£419,621
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-100%	£399	-	£399	-	0	-	0
	Miscellaneous Current Liabilities	0	-100%	£84,250	-56.7%	£194,442	-	0	-	0
	Total Current Liabilities	£247,357	-24.1%	£325,982	-24.2%	£430,009	0.1%	£429,420	2.3%	£419,621
	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

.

Capital & Reserves

	Date Of Accounts	31/01/18	(%)	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14
	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
	P & L Account Reserve	£1,015,621	1.6%	£999,330	-6.3%	£1,066,537	9.1%	£977,772	-2.8%	£1,005,513
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£1,015,721	1.6%	£999,430	-6.3%	£1,066,637	9.1%	£977,872	-2.8%	£1,005,613

Other Financial Items

	Date Of Accounts	31/01/18	(%)	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14
	Net Worth	£1,015,721	1.6%	£999,430	-6.3%	£1,066,637	9.1%	£977,872	-2.8%	£1,005,613
	Working Capital	£881,274	2.6%	£858,546	-6.5%	£917,945	12.5%	£816,071	-1.8%	£830,670
	Total Assets	£1,263,078	-4.7%	£1,325,412	-11.4%	£1,496,646	6.3%	£1,407,292	-1.3%	£1,425,234
	Total Liabilities	£247,357	-24.1%	£325,982	-24.2%	£430,009	0.1%	£429,420	2.3%	£419,621
	Net Assets	£1,015,721	1.6%	£999,430	-6.3%	£1,066,637	9.1%	£977,872	-2.8%	£1,005,613

Cash Flow

	Date Of Accounts	31/01/18	(%)	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/01/18	(%)	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,015,721	1.6%	£999,430	-6.3%	£1,066,637	9.1%	£977,872	-2.8%	£1,005,613
	Number of Employees	9	-	9	-10%	10	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	THE ROYAL BANK OF SCOTLAND PLC
	Bank Branch Code	16-30-24

Ratios

	Date Of Accounts	31/01/18	31/01/17	31/01/16	31/01/15	31/01/14
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	4.56	3.63	3.13	2.90	2.98
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	0
	Equity in %	80.40	75.40	71.30	69.50	70.60
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	3.43	2.75	2.47	2.23	2.32
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	0.24	0.32	0.40	0.43	0.41
	Total Debt Ratio	0.24	0.32	0.40	0.43	0.41
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
04/05/2018	New Accounts Filed
21/04/2018	New Accounts Filed
12/02/2018	Mr D.J. Welsh has left the board
18/01/2018	Confirmation Statement
26/04/2017	New Accounts Filed
26/04/2017	New Accounts Filed
20/01/2017	Annual Returns
14/09/2016	Payment Data Update Received
02/05/2016	New Accounts Filed
23/01/2016	Annual Returns
11/11/2015	Payment Data Update Received
04/06/2015	New Accounts Filed
04/06/2015	New Accounts Filed
23/01/2015	Annual Returns
29/07/2014	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	ELLIOT SCIENTIFIC LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	ELLIOT SCIENTIFIC LIMITED

Group Structure

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
ELLIOT SCIENTIFIC LIMITED	02460146	31.01.2018	N
MARTOCK DESIGN LIMITED	01328709	31.01.2018	N

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	25/03/15
Date Charge Registered:	27/03/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	26/07/90
Date Charge Registered:	31/07/90
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE ROYAL BANK OF SCOTLAND PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURES INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FITTINGS FIXED PLANT AND MACHINERY.

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
David John Welsh	0	3	4

Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Michael Scott Elliot	Kind	Individual Person With Significant Control
Address	2 Gorse Corner, Townsend Drive, St Albans Gorse Corner, Townsend Drive, St. Albans	Country Of Residence	England
Post Code	AL3 5SH	Nationality	British
Date of Birth	02/1951	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 50% and 75%

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.96
UK Pound	1	INR 91.88
Euro	1	INR 80.28
GBP	1	INR 91.34

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	SYL

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.